IronSource Founders’ AI Startup Zyg Raises at $500 Million Value

Zyg, an artificial intelligence platform created by the founders of IronSource, raised funding at a $500 million valuation just two months after coming out of stealth.

The company, which uses AI to help e-commerce sellers scale their businesses, raised $60 million in a round led by Accel, with participation from existing investors existing investors Bessemer Venture Partners and Lightspeed Venture Partners, Zyg said in a statement Tuesday. Zyg announced $58 million in seed funding in March.